27th Oct 2026 10:21
(Alliance News) - Vistry Group PLC on Tuesday said it has hired the chief financial officer of Severn Trent PLC to be its own new CFO.
Vistry is a Kent, England-based housebuilder, while Severn Trent is a Coventry, England-based water utility. Vistry is a much smaller company by market capitalisation than Severn Trent, at GBP848.0 million compared to GBP9.77 billion. It is a member of the mid-cap FTSE 250 index, while Severn Trent is in the blue-chip FTSE 100.
Vistry shares were up 4.5% to 266.60 pence early Tuesday in London, while Severn Trent shares were down 0.6% to 3,232.00p.
Vistry said Helen Miles will join as CFO and board member during 2027.
Miles joined Severn Trent in 2014 as chief commercial officer and became CFO in 2023. She also currently is a non-executive director of construction materials firm Breedon Group PLC.
Severn Trent said that it has begun a formal search for her successor and that Miles will remain in her role throughout her 12-month notice period.
Vistry said it has hired Robert Allen to be interim CFO and board director, starting immediately, to cover the period until Miles's arrival. Allen most recently was CFO of landlord Crown Estate and previously was CFO of Crest Nicholson Holdings PLC and Intu Properties PLC.
By Tom Waite, Alliance News editor
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